Ascend Wellness Holdings annual free cash flow
2019
2020
2021
2022
2023
2024
2025
Ascend Wellness Holdings Free Cash Flow (FCF) History (AAWH)
Ascend Wellness Holdings reported $12.0M in free cash flow for fiscal 2025, a decrease of 76.27% from the previous fiscal year, with a free cash flow margin of 2.41%.
View full Ascend Wellness Holdings company overviewAscend Wellness Holdings free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $12.0M | −$38.7M | −76.27% | +2.41% |
| 2024 | 2024-12-31 | $50.8M | −$328,000 | −0.64% | +9.04% |
| 2023 | 2023-12-31 | $51.1M | $171.1M | — | +9.85% |
| 2022 | 2022-12-31 | −$120.0M | $10.2M | — | −29.56% |
| 2021 | 2021-12-31 | −$130.2M | −$97.7M | — | −39.16% |
| 2020 | 2020-12-31 | −$32.4M | $50.2M | — | −22.56% |
| 2019 | 2019-12-31 | −$82.6M | — | — | −686.49% |
Ascend Wellness Holdings quarterly free cash flow
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $16.7M | $5.1M | +44.26% | +13.22% |
| Q1 2026 | 2026-03-31 | −$24.6M | −$24.1M | — | −21.03% |
| Q4 2025 | 2025-12-31 | $9.4M | −$20.7M | −68.74% | +7.82% |
| Q3 2025 | 2025-09-30 | −$8.5M | −$5.5M | — | −6.78% |
| Q2 2025 | 2025-06-30 | $11.6M | −$15.3M | −57.03% | +9.08% |
| Q1 2025 | 2025-03-31 | −$484,000 | $2.8M | — | −0.38% |
| Q4 2024 | 2024-12-31 | $30.1M | $64.9M | — | +22.16% |
| Q3 2024 | 2024-09-30 | −$3.0M | $29.3M | — | −2.12% |
| Q2 2024 | 2024-06-30 | $26.9M | $59.4M | — | +19.00% |
| Q1 2024 | 2024-03-31 | −$3.3M | $17.2M | — | −2.30% |
| Q4 2022 | 2022-12-31 | −$34.8M | $2.2M | — | −31.00% |
| Q3 2022 | 2022-09-30 | −$32.3M | −$7.2M | — | −29.03% |
| Q2 2022 | 2022-06-30 | −$32.5M | $4.4M | — | −33.32% |
| Q1 2022 | 2022-03-31 | −$20.5M | $10.7M | — | −24.04% |
| Q4 2021 | 2021-12-31 | −$37.0M | −$28.3M | — | −41.76% |
| Q3 2021 | 2021-09-30 | −$25.1M | −$15.5M | — | −26.61% |
| Q2 2021 | 2021-06-30 | −$36.9M | −$26.5M | — | −44.29% |
| Q1 2021 | 2021-03-31 | −$31.2M | −$27.5M | — | −47.14% |
| Q4 2020 | 2020-12-31 | −$8.7M | — | — | −16.01% |
| Q3 2020 | 2020-09-30 | −$9.6M | — | — | −23.15% |
| Q2 2020 | 2020-06-30 | −$10.4M | — | — | −41.10% |
| Q1 2020 | 2020-03-31 | −$3.7M | — | — | −16.38% |
Ascend Wellness Holdings free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from −$32.4M to $12.0M, a net increase of $44.5M. Ascend Wellness Holdings's latest reported quarter, Q2 2026, generated $16.7M in free cash flow, an increase of 44.26% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Ascend Wellness Holdings filings at SEC.gov ↗